Alphabet: Ignore Revenue Fears

Alphabet missed Q4 revenue estimates by $790 million.
The tech giant grew revenue at a 19% rate at constant currency.
My price target remains $1,700 based on an EV/E of 20x '21 EPS estimates of $76.
Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) appeared headed towards our $1,700 price target until the company disappointed the market with Q4 reported revenue growth of only 17%. The digital ad giant generates volatile revenue growth making the stock a buy anytime the Alphabet dips despite constant currency growth at 20% annual growth rates.
Read the full article on Seeking Alpha. 

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